Under the agreement, IBM will take over BPI’s IT network and data center activities. This will allow BPI’s Information Systems team to better concentrate on the bank’s strategic initiatives.

No financial details were disclosed.

IBM currently services several major banks in the Asean region. This engagement will help BPI focus on more strategic business areas while IBM manages its day-to-day IT operations.

“The country’s growth trajectory provides BPI with the opportunity to grow,” says BPI president and CEO Cezar “Bong” P. Consing. “The partnership with IBM will help provide the IT infrastructure that is supportive of the bank’s growth objectives.”

“IBM is committed to the strategic partnership as BPI continues to focus on key transformational projects,” said IBM Philippines president and country general manager Mariels Almeda Winhoffer. “IBM will provide smarter, scalable IT services and capabilities that will enhance and accelerate BPI’s transformation for growth.”

Newsbytes.ph is guided by this principle: If there’s an IT news that needs to be known by the public, we have the duty to report it — no matter what or who is involved. This is our contract with our readers. READ MORE

Subscribe

You can subscribe to Newsbytes.ph by e-mail to receive news and updates directly in your inbox for FREE. Simply enter your e-mail below and click Sign Up.